KGaA Mutares ISIN DE000A2NB650 today announced an agreement

Stellantis and Mutares SE & Co. KGaA (“Mutares,” ISIN: DE000A2NB650) today announced an agreement for the sale of Stellantis’ entire shareholding in the Free2move car-sharing business to Mutares. The transaction is expected to conclude by the end of 2026, subject to customary closing conditions.

Free2move offers short- and long-term free-floating car-sharing, bookable 24/7 through a proprietary mobile application. It operates one of the most geographically diversified car-sharing platforms, with fleets across 14 cities in Europe and the United States.

As an independent entity under Mutares Free2move’s car-sharing

This transaction aligns with the strategy set out in Stellantis’ FaSTLAne 2030 plan . The Company applies a disciplined approach to capital allocation, directing investments and resources to the regions, brands and technologies that can generate the strongest returns.

With the signing of an agreement to acquire Free2move’s car-sharing business, Mutares establishes a new platform in the mobility sector. Its plans include the revamped management of its international fleet, continued transition to battery-electric vehicles, and renewed attention to customer experience and the urban mobility needs of municipalities.

As an independent entity under Mutares, Free2move’s car-sharing business is expected to benefit from enhanced agility, dedicated investment and increased operational flexibility, helping it pursue growth in a competitive mobility market.

By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance,” commented Virgilio Cerutti, Head of Business Development & Partnerships at Stellantis. “We are committed to working closely with all stakeholders to support a smooth transition process for customers, partners, and employees.

Free2move’s car-sharing business combines a strong, internationally recognized brand with clear potential for operational improvement following an intended carve-out from Stellantis,” commented Johannes Laumann, CIO of Mutares, adding: “Together with the management team, we look forward to strengthening Free2move’s operating model and further developing the company into an independent leading platform in the mobility sector.

Completion of the transaction remains subject to applicable information and consultation processes with employee representative bodies, as well as regulatory approvals and other customary conditions under relevant laws and statutory provisions.